BREAKING NEWS: Manchester United reveal debt has SOARED by £127.4m to £429m with club’s finances hammered by coronavirus Old Trafford club’s latest figure show a stunning 42 per cent rise in net debt United’s debt has increased £127.4m to £429.1m over course of the past year Revenues have dropped 19 per cent year-on-year up until … Read more
Aggressive debt collectors put on a short leash to help firms survive the coronavirus crisis By Daily Mail City & Finance Reporter Published: 21:51 BST, 20 May 2020 | Updated: 21:51 BST, 20 May 2020 Firms will get extra protection from aggressive debt collectors under new laws proposed today Companies struggling because of the crisis will … Read more
Pizza Express prepares to cut a slice off its debt pile despite £70m loan Pizza Express is ‘highly likely’ to launch a restructuring of its giant debt pile S&P said the business now faces ‘additional hurdles’ turning its fortunes around Pizza Express is due to repay £465million to bondholders next year By Neil Craven for … Read more
RUTH SUNDERLAND: Simply loading up firms with loans, as is happening now, is not the answer to the coronavirus crisis By Ruth Sunderland for the Daily Mail Published: 21:52 BST, 10 May 2020 | Updated: 21:52 BST, 10 May 2020 What will happen to small firms once the immediate peril has passed? This is a … Read more
Huge global debt burden will ‘come back to haunt us’ all, warns top economist By Lucy White For The Daily Mail Published: 21:51 BST, 13 May 2020 | Updated: 21:51 BST, 13 May 2020 The trillions of pounds of extra debt which is being taken on by governments around the world will ‘come back to … Read more
ALEX BRUMMER: Debt-aholics like Liberty Global need to be weaned off a system destabilising the global economy By Alex Brummer for the Daily Mail Published: 22:15 BST, 11 May 2020 | Updated: 08:35 BST, 12 May 2020 John Malone’s Liberty Global is nothing if not brave. Unveiling a £31 billion merger between Virgin Media and … Read more
ALEX BRUMMER: As debt bubble fears mount the sooner the UK gets back to work the better By Alex Brummer for the Daily Mail Published: 22:53 BST, 5 May 2020 | Updated: 23:39 BST, 5 May 2020 When Jeremy Corbyn and the Labour Party were proposing to go on a government spending spree ahead of … Read more
JCrew files for bankruptcy after collapsing under £1.3bn debt mountain By Daily Mail City & Finance Reporter Published: 22:09 BST, 4 May 2020 | Updated: 22:09 BST, 4 May 2020 JCrew has filed for bankruptcy after collapsing under a £1.3 billion debt mountain. The US fashion brand’s lenders will inject £322m of cash and take … Read more
Millions of Britons are either dipping into their savings or getting into debt as their incomes are being dented by the coronavirus pandemic, a new survey has showed. Nearly a third of people in the UK have had to dip into their savings while a fifth have taken on debt, with the younger generations the … Read more
Plastic purge: Britain’s personal debt pile SHRANK in March as people shun credit cards amid coronavirus crisis Bank of England found households paid back £3.8bn more than they borrowed Of that, £2.4bn came from credit cards and the rest from other loans The bank said a collapse in new lending was the big reason, as … Read more